Disbarred attorney Scott Rothstein, whose seemingly unlimited wealth bought palatial homes, exotic cars and mega-yachts, was sentenced Wednesday to 50 years in prison for operating a $1.2 billion Ponzi scheme using faked legal settlements.The sentence imposed by U.S. District Judge James I. Cohn was below the 100-year maximum Rothstein faced for five felony convictions, including racketeering conspiracy, money laundering conspiracy and wire fraud.
Rothstein, who turns 48 on Thursday, had hoped for a 30-year sentence because of his extensive cooperation with investigators—and prosecutors could later ask for up to one-third off his sentence because of continued assistance.
When do we get to throw 100 senators in the clink?
No comments:
Post a Comment